Economic Development Finance Authority (EDFA)
Pooled Bond Program
South Dakota's Economic Development Finance Authority (EDFA) offers a pooled loan program. The program, designed for capital-intensive projects, provides small businesses access to larger capital markets for tax-exempt or taxable bond issuances. Projects can be funded individually or pooled to help lower the cost of the bond issuance. One of the biggest advantages of this program is a long-term loan with a fixed interest rate.
For complete Bond Financing details, including eligibility requirements and application process, see "Financing & Incentives" on www.SDReadyToWork.com.
Pursuant SDCL 1-16B-50, the South Dakota Economic Development Finance Authority is required to produce an annual informational report. The annual report is based on fiscal year activity and submitted by October 1 of each year.
For the purposes of keeping the general public better informed about action taken by the South Dakota Economic Development Finance Authority, the Finance Authority provides a calendar year report of activity for public review.